Victor Sanchez Housing Development Fund Corporation
Overview
Mission
The organization was organized to provide housing to indigent families. its purpose is to relieve congestion and overcrowding in housing among poor families mentally disadvantaged persons and the homeless.
What it reported doing in 2024
The organization provides housing services to indigent families to relieve congestion and overcrowding in housing among the poor and provides housing opportunities for the homeless and other disadvantaged persons.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 133835942
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Headquarters
- New York, NY, USA
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and the filing reports that some governance safeguards are missing.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 93
- Accountability: 94
- Sustainability: 30
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 77.9%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 26th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -38.8%; rating input score 7; 7th percentile among comparable filings
- Operating reserve ratio: 2.22; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 2.55; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 2.6% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 2.5% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: -0.7% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 77.9% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $536K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 28 of 29 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 13 annual filings from 2011 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.